Diginex signs MOU for $305M acquisition of cybersecurity company, Findings

* Diginex Limited (NASDAQ:DGNX [https://seekingalpha.com/symbol/DGNX]) said on Tuesday that it has signed a Memorandum of Understanding (MOU) [https://seekingalpha.com/pr/20198644-diginex-announces-mou-for-us-305m-acquisition-of-findings-a-leading-cybersecurity-and] to acquire 100% of the equity interests of IDRRA Cyber Security, which operates under the trade name Findings.
* Findings is backed by Magenta Venture Partners and provides leading supply chain risk monitoring and vendor risk automation solutions in the cybersecurity and sustainability regulatory domains.
* Diginex believes this strategic acquisition aligns with Diginex’s mission to enhance its technological capabilities and expand its footprint in the cybersecurity sector.
* Under the terms outlined in the MOU, Diginex will acquire Findings for a total consideration of up to US$305 million, comprising US$270 million in Diginex Limited shares and up to US$35 million in cash.
* Diginex (NASDAQ:DGNX [https://seekingalpha.com/symbol/DGNX]) shares were up more than 1% in premarket trading.

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